When you have a President who slashes business-crushing regulations and reduces tax rates for individuals and corporations alike, you get economic growth. This is not rocket science. After eight years of the most anti-capitalist administration in American history, the economy is now beginning to boom under President Trump. This, of course, is the Democrat Party’s worst nightmare. Not only do they want a bad economy to campaign against in the short term, they ultimately want as many people out of work and dependent upon government as possible. A growing economy is a threat to Democrats on both fronts.
U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday.
The drop in claims shows that companies are increasingly holding on to their employees amid a shortage of skilled labor. Businesses are struggling to find workers to fill positions, particularly in manufacturing and construction, as cited in some anecdotes for the Federal Reserve’s Beige Book released Wednesday.
The figures suggest the unemployment rate of 4.1 percent, already the lowest since 2000, could be poised to decline further. The latest week for claims includes the 12th of the month, which is the reference period for the Labor Department’s monthly employment surveys.